Details of this Paper

Mickey is planning to save $50,000 per quarter for 10 years.

Description

solution


Question

Mickey is planning to save $50,000 per quarter for 10 years. Savings will earn interest at an;(nominal) interest rate of 12% per annum. Calculate the present value for this annuity if interest is;compounded semi-annually.

 

Paper#29936 | Written in 18-Jul-2015

Price : $27
SiteLock